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How the Blockchain Will Conquer the World and Why History Shows Bitcoin Might not be The Revolution we Assume

Chris Herd
5 min readDec 12, 2017

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Before FB there was Friendster Myspace, before Google there was Yahoo What does that mean for Bitcoin?

Historical precedent shows that the first mover advantage is a myth. Almost ubiquitously the first dominant force in any space is overthrown by a smaller, nimbler, more innovative and agile upstart which is able to iterate far quicker than the incumbent could, avoid all of it’s mistakes while achieving a network effect which rides the coat tails of the trailblazer who has made the revolutionary product appealing to the wider public at large.

In short, the first mover kicks down the doors to the Governors mansion, it rarely stay long enough before someone kicks them out

What if the initial Cryptos are only a precursor to the actual innovation that is about to be thrust upon us?

Personally, I think that is the most likely scenario — they are laying the groundwork for massive disruption

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Chris Herd
Chris Herd

Written by Chris Herd

CEO / Founder / Coach @FirstbaseHQ Empowering people to work in their lives not live at work ✌️✌

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